Tidjane Thiam, the former Prudential chief now running Credit Suisse, won’t be thanked by his counterparts at Deutsche Bank for saying so at this moment, but he is correct: big European banks are “not really investable” and the industry is in a “very fragile situation”.
Jeremy Corbyn called on Labour MPs to “end the trench warfare” and get behind a socialist vision for Britain under which he would allow councils to borrow more, raise taxes on business to fund education and suspend arms sales to Saudi Arabia.
Taking on more bodies.
Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.
Joe Baratta, Blackstone’s top private equity dealmaker, can’t be too cautious right now.
Deutsche Bank promoted Ashley Wilson to a newly created role overseeing stock trading for Europe, the Middle East and Africa, reshuffling an equities business it’s trying to build as it shrinks in other areas.
The German government has denied it is considering injecting billions of euros into beleaguered Deutsche Bank, following reports from a German newspaper it was preparing an emergency rescue package.
Wells Fargo’s CEO John Stumpf, struggling to quell a scandal and demands for management accountability, plans to offer House lawmakers the same apology he gave Senators last week.
The market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty, but a new report estimates that a strong bounce-back in activity is expected in 2017.
'Being very tough on the 2016 bonus pool and requiring the forfeiture of unvested shares could be helpful'.
Worldwide announced Small-Cap M&A deals valued up to $50 million (including undisclosed value deals) totaled US$111.6 billion in the first nine months of 2016 – a 1.1% decrease year-on-year.
One of the world’s fastest-growing trading shops doesn’t have any traders.
UBS has hired Darren Novak, a managing director at Houlihan Lokey, in its New York office to advise companies on how to defend themselves against activist investors, a spokeswoman for UBS said on Wednesday.